Santander cuts personal loan rate

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Santander has reduced its Online Personal Loan rate by 0.1%, pushing it towards the top of the medium loan best buy table.

The basics…

This loan charges a rate of 6.8% for customers wishing to borrow between £5,000 and £7,499.

The finer details….

Rates are representative and dependent on credit rating, loan amount and term.

A typical monthly repayment based on a £5,000 loan over three years stands at £153.47.

Why we like it….

This new-look personal loan now offers a highly competitive online rate and sits comfortably amongst the current top deals in the medium-sized loan market. Four out of five Moneyfacts Stars have been awarded.